Word: steel
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Dates: during 1980-1989
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...squeeze. Among the 25 principal classes of armament, production has declined in 13 between 1977 and 1981. That drop may indicate that the Kremlin has built its arsenal up to strength. But it could also reflect the stagnation in the civilian economy, as producers fail to supply quality steel and as bottlenecks in rail transport hold up vital raw materials needed by defense contracts...
Shops closed quickly, but the surge of motorists heading home snarled traffic. Pedestrians, some clutching children, ran or walked briskly along the streets, hurried on by the distant sounds of gunfire. "They are going to start again," complained a grocer as he pulled down the steel shutters in front of his store. "This was coming for some time...
Lynn Williams, acting president of the United Steelworkers, chided U.S. Steel for using money to buy up-to-date facilities instead of improving its own. The union is worried that the merger will further erode its membership, now down to 250,000 from a postwar peak...
...deal continues a trend that accelerated last year when Republic Steel and Jones & Laughlin, a subsidiary of LTV, agreed to combine. While both mergers must still be cleared by the Justice Department, their approval is expected...
...Changes, Steel...